Did the Chief Investment Officer of the UC deceive President Napolitano and the Regents when he said “UC is fossil free”?

In May 2020, Baccher said in a Regents meeting: “…I’m happy to announce that, actually as of today, the endowment, the pension and all of our working capital pools are fossil free at the University of California. In fact, you could extend that to say that our 125 billion dollars of assets are fossil free.”, see minute 17.36 here.